HAMDEN, Conn.--(BUSINESS WIRE)--May 7, 2018--
TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the
Company”), a global leader in software-driven technology and printing
solutions for high-growth markets, announced today that the Company has
signed a new partnership agreement with Asia Pioneer Entertainment
Limited (“APE”) by which APE will become a non-exclusive distributor of
TransAct’s core Epic Edge® and Epic 950® ticket-in/ticket-out (“TITO”)
printers for gaming devices as well as the Company’s full lineup of
gaming device and kiosk printers for the global casino and gaming
industries. Pursuant to the terms of the distribution agreement, APE
will distribute TransAct’s printers throughout Asia, with a focus on
Macau, the Philippines, Taiwan and China.
“We are delighted to announce this partnership with Asia Pioneer
Entertainment as we further expand our presence in the exciting and
growing Asia gaming market,” said Bart C. Shuldman, Chairman and Chief
Executive Officer of TransAct Technologies. “The team at APE is a proven
market leader with extensive gaming experience, industry knowledge and
technical capabilities and we believe they are an ideal representative
for our leading casino and gaming device printers. In addition, APE’s
new integrated facility and advanced technical support team will become
a regional center for warranty repairs for all of TransAct’s casino and
gaming printers. TransAct has a long history of serving the Asia gaming
market and we are excited to continue this extensive track record
through this new partnership.”
Mr. Allen Huie, Chairman of Asia Pioneer Entertainment, added,
“TransAct’s printers are market leaders and we are excited to serve as a
distributor of these devices across our broad range of customers in
Macau, a base of operators that includes some of the largest in the
marketplace. APE has actively worked with operators throughout Macau to
serve a variety of their equipment needs and we believe the addition of
TransAct’s printer lineup to our diverse solutions offering is a natural
fit. Furthermore, this agreement allows us to leverage our growing base
of operations in Macau and become a critical partner for our customers
as we service their deployed TransAct printers.”
TransAct's available print technology solutions for the Asia gaming
market include:
- Epicentral® – TransAct’s revolutionary enterprise-level
promotion and bonusing software solution effectively bridges the gap
between the gaming device and the reward of the printed ticket.
Epicentral v3.9 allows operators to run simultaneous promotions,
create games within games, offer multi-user/multi-site promotions, run
different promotions on different slot game banks, segment players by
tier and run promotions for uncarded players. Epicentral System
Edition (Epicentral SE) allows operators to leverage existing system
investments to expand bonusing by leveraging the Print Manager and
Design Center modules while also providing an upgrade path to
Epicentral.
- Epic Edge – This next-generation casino ticket printer offers
operators a new print resolution (300 dpi) that delivers a 50%
improvement over current printers and razor sharp barcodes, allowing
it to improve bill validator acceptance and reduce attendant calls. It
also includes an adjustable ticket bucket that accommodates standard
tickets and smaller, paper-saving tickets. Additional unique features
include a single rugged outer chassis with color coded rails and
Serial, USB and Netplex ports, hot swap capability to eliminate game
downtime, two high-speed interfaces (USB and Micro SD) for simple
updates, and a faster ServerPort™ connection.
- Epic 950 – The current industry-standard for TITO printing,
TransAct's Epic 950 continues to deliver proven performance in over
500,000 slot machines worldwide. Easily integrated into all game
types, the Epic 950 features TicketBurst technology to eliminate
player/ticket interference and is fully compatible with Epicentral to
provide for the direct, real-time delivery of eye-catching
personalized promotions and bonus offers.
- Epic Edge TT™ and Epic 950 TT™ – These unique, purpose-built
printers take the power of the advanced Epic Edge and proven Epic 950
outside the slot machine and on to table games, players' club desks
and cash desks. They package a printer, internally mounted power
supply and ServerPort in a tidy, compact design that is easy to
deploy. In addition, thanks to their dual port capability, the Epic
Edge TT and Epic 950 TT allow operators to expand the bonusing
environment created by their Epicentral deployments to non-gaming
device applications.
- Epic 880® – This compact printer for all types of gaming
machines (including amusement with prizes, skill with prizes and video
lottery terminals) features a modular design that is configurable to
nearly any space, a variable length ticket presenter and ticket
retract capability. It also offers auto paper loading and can
accommodate 4-inch or 6-inch paper rolls.
- Epic 430® – An easy-to-configure modular design makes the Epic
430 ideal for customer self-service kiosks. This printer features
variable length tickets with graphics and coupons capabilities, quick
paper roll changes, a fast print speed and an array of standard paper
sensors.
Pursuant to the terms of the partnership announced today, Asia Pioneer
Entertainment will also become a certified regional repair center for
all of TransAct’s printer products under warranty throughout the Asia
Pacific region. APE recently moved into a new 18,000 square foot
facility with an integrated workshop/office and warehousing which
already serves as a large equipment repair base for the Macau gaming
market. APE’s leading in-house technicians will ensure that TransAct
printers are properly maintained and repaired for operators throughout
the region.
About Asia Pioneer Entertainment Limited
Asia Pioneer Entertainment Holdings Limited is an independent
distributor of gaming equipment to Macau and Asia land based casino
industry. Its subsidiaries are engaged in the following businesses: 1)
procurement, distribution and installation of electronic gaming
equipment and spare parts and the related after sales services to casino
operators (“Technical Sales and Distribution of Electronic Gaming
Equipment”); 2) the provision of consulting services to manufacturers of
electronic gaming equipment including (a) regulatory consultancy, (b)
product design and content consultancy, (c) localisation consultancy,
and (d) on-site consultancy (“Consultancy and Technical Services”); 3)
the provision of repair services to casino operators (“Repair
Services”); and, 4) sales of refurbished electronic gaming machines.
Asia Pioneer Entertainment Holdings Limited was founded in 2006 and is
listed on Hong Kong Stock Exchange Growth Enterprise Market (“GEM”)
under ticker symbol HK:8400.
About TransAct Technologies Incorporated
TransAct Technologies Incorporated is a global leader in developing
software-driven technology and printing solutions for high-growth
markets including restaurant solutions, POS automation, casino and
gaming, lottery, mobile and oil and gas. The Company’s solutions are
designed from the ground up based on customer requirements and are sold
under the AccuDate™, EPICENTRAL®, Epic®, Ithaca®, RESPONDER and
Printrex® brands. TransAct has over 3.0 million printers and terminals
installed around the world and is committed to providing world-class
service, spare parts and accessories to support its installed product
base. Through the TransAct Services Group, the Company also provides
customers with a complete range of supplies and consumable items both
online at http://www.transactsupplies.com
and through its direct sales team. TransAct is headquartered in Hamden,
CT. For more information, please visit http://www.transact-tech.com
or call (203) 859-6800.
Epicentral and Epic are registered trademarks of TRANSACT Technologies
Incorporated. ©2018 TRANSACT Technologies Incorporated. All rights
reserved.
Forward-Looking Statements
Certain statements in this press release include forward-looking
statements. Forward-looking statements generally can be identified by
the use of forward-looking terminology, such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe" or "continue" or the
negative thereof or other similar words. All forward-looking statements
involve risks and uncertainties, including, but not limited to, customer
acceptance and market share gains, both domestically and
internationally, in the face of substantial competition from competitors
that have broader lines of products and greater financial resources; our
competitors introducing new products into the marketplace; our ability
to successfully develop new products; our dependence on significant
customers; our dependence on significant vendors; dependence on contract
manufacturers for the assembly of a large portion of our products in
Asia; our ability to protect intellectual property; our ability to
recruit and retain quality employees as the Company grows; our
dependence on third parties for sales outside the United States,
including Australia, New Zealand, Europe, Latin America and Asia; the
economic and political conditions in the United States, Australia, New
Zealand, Europe, Latin America and Asia; marketplace acceptance of new
products; risks associated with foreign operations; the availability of
third-party components at reasonable prices; price wars or other
significant pricing pressures affecting the Company's products in the
United States or abroad; risks associated with potential future
acquisitions; the risk that our new line of food safety and oil and gas
products will not drive increased adoption by customers; and other risk
factors detailed in TransAct's Annual Report on Form 10-K and other
reports filed with the Securities and Exchange Commission. Actual
results may differ materially from those discussed in, or implied by,
the forward-looking statements. The forward-looking statements speak
only as of the date of this release and the Company assumes no duty to
update them to reflect new, changing or unanticipated events or
circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180507005278/en/
Source: TransAct Technologies Incorporated
TransAct Technologies Investor Contact:
TransAct
Technologies Incorporated
Steve DeMartino, 203-859-6810
President
and Chief Financial Officer
or
JCIR
Richard Land / Joseph
Jaffoni / Jim Leahy, 212-835-8500
tact@jcir.com
or
Asia
Pioneer Entertainment Investor Contact:
Frement - Investor
Relations
Betty Dong
betty@frement.com
or
APE
Press Relations
Rachel Wang
rachel@apemacau.com
